Exercise 12-17 (Algorithmic) (LO. 2) Compute the 2020 AMT exemption for the following taxpayers. If an amount is zero, enter "O". Click here to access the exemption table. a. Bristol, who is single, has AMTI of $614,600. Her AMT exemption is $ b. Marley and Naila are married and file a joint tax return. Their AMTI is $1,338,800. Their AMT exemption is $ Status Married, joint Single or head of household Married, separate Exemption $113,400 72,900 56,700 Phaseout Begins at Ends at $1,036,800 $1,490,400 518,400 810,000 518,400 745,200